PANews, May 27 news, reported by GlobeNewswire, SharpLink Gaming announced that it will complete approximately $425 million in private financing, with Consensys as the lead investor, and the transaction is expected to be completed on May 29. The funds raised will be used to purchase Ethereum (ETH) and establish ETH as the company's primary reserve asset. Consensys founder and Ethereum co-founder Joseph Lubin will serve as the chairman of the company's board. This move marks SharpLink's expansion into the on-chain asset allocation field, strengthening its strategic layout in the Web3 and iGaming markets.
